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Latest from index of industrial production

India’s manufacturing activity slips for the first time in 22 months

India’s industrial activity, as measured by the Index of Industrial Production (IIP), contracted for the first time in 22 months in August.

he Index of Industrial Production is the only official monthly indicator which gives an idea about the level of economic activity in manufacturing in the Indian economy. (Bloomberg file photo)

india news

Updated on Oct 12, 2024 03:38 AM IST

ByAbhishek Jha, New Delhi

Is IIP a correct indicator of economic activity?

A more careful reading of IIP data, however, shows that the index might be a misleading source of reading consumer demand in the Indian economy

business

Published on Nov 14, 2023 12:02 PM IST

ByRoshan Kishore, New Delhi

India’s K-shaped recovery crisis

IIP numbers reveal consumption demand at the bottom of the pyramid needs to pick up for economic growth to regain momentum

The Index of Industrial Production (IIP) grew at 5.8% in September(Bloomberg File Photo)

editorials

Published on Nov 13, 2023 09:14 AM IST

ByHT Editorial

Inflation rises to 4.81% but factory output surprises positively with 5.2% growth

The latest number positively surprised analysts since it turned out marginally higher than the Bloomberg forecast of 5%

india news

Updated on Jul 13, 2023 12:51 AM IST

ByPavitra Kanagaraj

Inflation eases below tolerance band of 6%

Headline inflation has once again come within the Reserve Bank of India’s tolerance band of 2-6% after two months, and is the lowest since November 2021

india news

Updated on Apr 13, 2023 02:20 AM IST

ByRoshan Kishore, New Delhi

What does data tell us about spike in milk prices?

When read with wholesale inflation for dairy products, there seems to be a close connection between rise in fodder and dairy product inflation

For representational purposes only. (Thinkstock Photo)

business

Updated on Apr 12, 2023 10:24 AM IST

ByRoshan Kishore

Industrial production at 22.4 % in March, rises after 2 months

The manufacturing sector -- which constitutes 77.63 per cent of the index of industrial production (IIP) -- grew by 25.8 per cent in March 2021, as per the data released by the National Statistical Office (NSO) on Wednesday.

Employees guide finished corrugated steel roofing onto a pallet in the tube mill at the manufacturing facility of Uttam Galva Steels Ltd., the Indian unit of ArcelorMittal, in Khopoli, Maharashtra, India.

business

Published on May 12, 2021 07:14 PM IST

PTI |

Industrial production grows by 1 pc in December

According to the Index of Industrial Production (IIP) data, the manufacturing sector output grew by 1.6 per cent in December 2020. Mining output declined by 4.8 per cent, while power generation grew 5.1 per cent in December 2020.

The IIP had grown by 0.4 per cent in December 2019.(Reuters/ File photo)

business

Published on Feb 12, 2021 06:00 PM IST

PTI | , New Delhi

All eyes on the economy | HT Editorial

The central government’s measures are positive. But are they sufficient?

Union finance minister Nirmala Sitharaman at National Media Centre, New Delhi, November 12, 2020(Sanjeev Verma/HT PHOTO)

editorials

Updated on Nov 13, 2020 08:42 PM IST

ByHT Correspondent

State of the economy: The recovery question

The post-lockdown sequential recovery is flattening and inflation is gathering momentum. This raises questions on the recent optimism around economic recovery.

Finance minister Nirmala Sitharaman addresses the media in New Delhi on Monday.(Ajay Aggarwal/HT Photo)

business

Updated on Oct 13, 2020 05:54 AM IST

ByRoshan Kishore

Industrial production declines 8% in August

According to the Index of Industrial Production (IIP) data, manufacturing sector production registered a decline of 8.6 per cent, while the output of mining and power segments fell 9.8 per cent and 1.8 per cent, respectively.

A worker pours molten iron from a ladle to make automobile spare parts inside an iron casting factory in Ahmedabad in this tile photo. Industrial production declined by 8 per cent in August, official data showed on Monday.(REUTERS)

business

Published on Oct 12, 2020 06:35 PM IST

New Delhi | ByPress Trust of India | Posted by Meenakshi Ray

What IIP numbers tell us about industrial activity in lockdown

Numbers suggest that the sequential recovery in June was led by pent-up demand due to the Covid-19 lockdown

A labourer works at Shankar Chowk elevated U-turn flyover during the ongoing Covid-19 lockdown in Gurugram on June 13, 2020.(PTI Photo)

business

Updated on Aug 19, 2020 02:05 AM IST

Hindustan Times, New Delhi | ByRoshan Kishore and Vineet Sachdev

Economic data will help policy

Release the consumption survey. And ramp up research

The government needs to realise that ensuring publication of quality economic data is as important as monitoring health indicators during the pandemic(Pradeep Gaur/Mint)

editorials

Updated on Jun 16, 2020 07:33 PM IST

Hindustan Times | ByHT Correspondent

April factory output contracts by 55.5%

The use-based categories of factory output shows the lockdown had varying impact on sectors.

During April, manufacturing production contracted 64.3% while mining and electricity output shrank by 27.4% and 22.6%, respectively.(Bloomberg File Photo)

business

Updated on Jun 13, 2020 08:09 AM IST

Mint, New Delhi | ByAsit Ranjan Mishra

Industrial production grows 4.5 % in February

According to National Statistical Office (NSO) data, manufacturing sector output rose by 3.2 per cent compared to contraction of 0.3 per cent in the same month a year ago.

Electricity generation grew at 8.1 per cent as against a growth of 1.3 per cent in February 2019. Mining sector output grew by 10 per cent compared to a growth of 2.2 per cent earlier. (Photo by Sakib Ali /Hindustan Times)

business

Updated on Apr 09, 2020 06:09 PM IST

New Delhi | ByPress Trust of India

Factory output recovers in November, expands by 1.8%

A usage-wise break up of the Index of Industrial Production (IIP) shows that the growth was driven by intermediate goods and consumer goods while primary goods, infrastructure goods and capital goods continued to contract in November.

The number underlines the signs of some sort of recovery in industrial activity(Ramesh Pathania /HT File Photo)

business

Updated on Jan 11, 2020 06:46 AM IST

Hindustan Times, New Delhi | ByRoshan Kishore

The economic contraction | HT Editorial

There is a way out. Focus on the informal sector and rural incomes

The second factor at play is the squeeze on farm incomes through low inflation(AP)

editorials

Updated on Nov 12, 2019 06:20 PM IST

Hindustan Times | ByHT Correspondent

Why Modi government 2.0 might have to change its political economy script

Economic indicators do not lend themselves easily to such high-frequency analysis. Gross domestic product (GDP) data for the current fiscal year is available only for the first quarter, which ended in June.

In the first two quarters after the new government took over in May, GDP growth increased by 3.4 percentage points again.(PTI File Photo)

india news

Updated on Sep 14, 2019 09:09 AM IST

Hindustan Times, New Delhi | ByRoshan Kishore

Auto in slow lane: Making sense of crash in car sales

A comparison of passenger car sales growth and net perception on non-essential spending shows that the two move together more closely and have achieved their maximum and minimum values in almost the same periods.

A comparison of domestic sales of two-wheelers and passenger cars with quarterly GDP figures suggests that the recent deceleration in vehicle sales is in keeping with the fall in GDP growth.(AP)

india news

Updated on Jun 14, 2019 08:30 AM IST

Hindustan Times, New Delhi | ByRoshan Kishore

Rural incomes slow down, may necessitate stimulus

Several consumer product firms that reported tepid January-March results have attributed this to falling rural sales.

india news

Updated on May 14, 2019 09:39 AM IST

Hindustan Times, New Delhi | ByZia Haq

Core sectors’ growth slows down to 2.1 % in February

Production of crude oil and refinery products contracted by 6.1 per cent, and 0.8 per cent, respectively, in February.

Eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had expanded by 5.4 per cent in February 2018.(Getty Images)

india news

Updated on Apr 01, 2019 10:42 PM IST

ByPress Trust of India

Inflation at 4-month high in February, industrial growth slows down

According to the data released by the Central Statistics Office (CSO), the Index of Industrial Production (IIP) expanded by just 1.7 per cent in January, significantly down from 7.5 per cent growth in the year-ago month.

The CSO, however, revised marginally upwards the IIP growth number for December 2018 to 2.6 per cent from the earlier estimate of 2.4 per cent.

business

Updated on Mar 12, 2019 09:43 PM IST

New Delhi | ByPress Trust of India

Retail inflation eases to 2.05% in January, factory output improves

Retail inflation declined from 2.19 per cent in December last year to 2.05 per cent in January this year, according to the data released by the Central Statistics Office (CSO) on Tuesday.

Workers and customers look through the goods at a wholesale food grain and commodities shop in the Agricultural Product Marketing Committee (APMC) Yard in Bangalore.(AFP file photo)

business

Updated on Feb 12, 2019 06:04 PM IST

Hindustan Times, New Delhi | ByHT Correspondent

India’s industrial output rises to four-month high of 7% in June

The cumulative growth for the period April-June 2018 stands at 5.2 per cent over the corresponding period of the previous year.

business

Updated on Aug 10, 2018 06:04 PM IST

New Delhi | ByPress Trust of India

Demand back in economy as corporate earnings set to rise in double-digit for third straight quarter

From automobiles to packaged consumer goods makers, companies are poised to report strong, double-digit growth in sales for the third straight quarters in the three months ended June, the first quarter of the current financial year.

The manufacturing economy seems to have overcome the aftershocks of demonetisation and GST.(Bloomberg/Picture for representation)

business

Updated on Jul 13, 2018 11:44 PM IST

HT Correspondent, New Delhi | ByZia Haq

Infrastructure growth rises 5.3% in February as cement, refinery outputs pick up

The eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had grew by just 0.6% in February 2017. The core sectors expanded by 6.1% in January.

Cumulatively, the eight core sectors grew by 4.3% in April-February 2017-18 against 4.7% in the same period last fiscal.(Reuters File Photo)

business

Updated on Apr 02, 2018 06:29 PM IST

Press Trust of India, New Delhi | ByHT Correspondent

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index of industrial production news

Latest from index of industrial production

India’s industrial activity, as measured by the Index of Industrial Production (IIP), contracted for the first time in 22 months in August.

A more careful reading of IIP data, however, shows that the index might be a misleading source of reading consumer demand in the Indian economy

IIP numbers reveal consumption demand at the bottom of the pyramid needs to pick up for economic growth to regain momentum

The latest number positively surprised analysts since it turned out marginally higher than the Bloomberg forecast of 5%

Headline inflation has once again come within the Reserve Bank of India’s tolerance band of 2-6% after two months, and is the lowest since November 2021

When read with wholesale inflation for dairy products, there seems to be a close connection between rise in fodder and dairy product inflation

The manufacturing sector -- which constitutes 77.63 per cent of the index of industrial production (IIP) -- grew by 25.8 per cent in March 2021, as per the data released by the National Statistical Office (NSO) on Wednesday.

According to the Index of Industrial Production (IIP) data, the manufacturing sector output grew by 1.6 per cent in December 2020. Mining output declined by 4.8 per cent, while power generation grew 5.1 per cent in December 2020.

The central government’s measures are positive. But are they sufficient?

The post-lockdown sequential recovery is flattening and inflation is gathering momentum. This raises questions on the recent optimism around economic recovery.

According to the Index of Industrial Production (IIP) data, manufacturing sector production registered a decline of 8.6 per cent, while the output of mining and power segments fell 9.8 per cent and 1.8 per cent, respectively.

Numbers suggest that the sequential recovery in June was led by pent-up demand due to the Covid-19 lockdown

Release the consumption survey. And ramp up research

The use-based categories of factory output shows the lockdown had varying impact on sectors.

According to National Statistical Office (NSO) data, manufacturing sector output rose by 3.2 per cent compared to contraction of 0.3 per cent in the same month a year ago.

A usage-wise break up of the Index of Industrial Production (IIP) shows that the growth was driven by intermediate goods and consumer goods while primary goods, infrastructure goods and capital goods continued to contract in November.

There is a way out. Focus on the informal sector and rural incomes

Economic indicators do not lend themselves easily to such high-frequency analysis. Gross domestic product (GDP) data for the current fiscal year is available only for the first quarter, which ended in June.

A comparison of passenger car sales growth and net perception on non-essential spending shows that the two move together more closely and have achieved their maximum and minimum values in almost the same periods.

Several consumer product firms that reported tepid January-March results have attributed this to falling rural sales.

Production of crude oil and refinery products contracted by 6.1 per cent, and 0.8 per cent, respectively, in February.

According to the data released by the Central Statistics Office (CSO), the Index of Industrial Production (IIP) expanded by just 1.7 per cent in January, significantly down from 7.5 per cent growth in the year-ago month.

Retail inflation declined from 2.19 per cent in December last year to 2.05 per cent in January this year, according to the data released by the Central Statistics Office (CSO) on Tuesday.

The cumulative growth for the period April-June 2018 stands at 5.2 per cent over the corresponding period of the previous year.

From automobiles to packaged consumer goods makers, companies are poised to report strong, double-digit growth in sales for the third straight quarters in the three months ended June, the first quarter of the current financial year.

The eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- had grew by just 0.6% in February 2017. The core sectors expanded by 6.1% in January.

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